Motilal Oswal Financial Services Hires 455 Candidates In Its Annual Mega Recruitment Drive

Motilal Oswal Financial Services has announced the hiring of 455 candidates in its recently completed annual Mega Recruitment Drive 2024, held in Mumbai. This year mega recruitment drive has registered a YOY 69% increase in hiring, compared to last year.

The drive was executed in a 2-phased manner in last month at MOFSL’s Malad Interface office in Mumbai. Over 1400 fresh graduates from across 115+ colleges/ institutions participated in the recruitment drive, vying for the coveted job opportunity with one of the country's most prestigious financial services firm.        

In 2020, MOFSL launched a mass recruitment drive to provide aspiring individuals with a career in capital markets. This year's Mega Recruitment Drive was divided into two phases: 222 individuals were hired from 550 candidates interviewed in Phase 1, and 233 were hired from 850 candidates interviewed in Phase 2.

Mr. Ajay Menon, CEO, Broking & Distribution, MOFSL added, “This event is a big milestone for us. We hired over 450 people. We welcome all the new candidates in our MOFSL family. With market sentiment signalling an increase in capital market activities, the demand for competent workers is likely to grow multi-fold. Our commitment to identifying and recruiting top talent ensures that we are well-equipped to handle the challenges of the future”.

Mr. Niren Srivastava, Group CHRO at MOFSL, said, " MOFSL's Mega Recruitment Drive 2024 was a resounding success. We heavily invest in training programs and recruitment drives to build a workforce that meets our growing business needs. Every Year, India’s colleges and universities are producing a great talent pool. All they need is the suitable opportunity, which we are extending via such recruitment events.”

The Mega Recruitment Drive has now become a distinct part of the company's annual tradition, except for 2021, when the pandemic forced a virtual recruitment drive. MOFSL's decision to hold such an event every year shows the company's commitment to its business and faith in the Indian equity market. With an increasing need for skilled employees in the retail space, the broking industry is evolving, adapting quickly to changing customer behaviour and sector landscape.